Paytm Denies Talks with Jio Financial Services to Sell Wallet Biz

09 Feb 2024 CW Team

One97 Communications (OCL), the parent company of Paytm, has denied reports suggesting negotiations with Jio Financial Services for the sale of its wallet business. Speculation had arisen following rumours of a potential deal between Paytm and Jio Financial Services, leading to market speculation.

However, Paytm has clarified that no such discussions are underway. This statement comes amidst ongoing market conjecture regarding strategic partnerships and acquisitions within the financial services sector. Paytm's denial underscores the company's commitment to its existing business operations and strategic objectives. As one of the leading players in India's digital payments landscape, Paytm continues to focus on expanding its market presence and enhancing its product offerings. The clarification provided by Paytm aims to dispel any misconceptions or rumors surrounding its business dealings. Overall, Paytm's denial of talks with Jio Financial Services reflects its dedication to maintaining transparency and clarity in its corporate communications amidst market speculation.

Infrastructure Urban

31 Jul 2026

SCLR Extension Nears Completion Linking BKC With Signal-Free Route

The Santacruz-Chembur Link Road (SCLR) extension towards Bandra-Kurla Complex (BKC) via the Mumbai University campus has entered its final stage, bringing motorists closer to a direct, signal-free connection between the Western Express Highway and the city’s commercial district. The elevated connector is being built as an arm from the SCLR alignment and will link the western suburbs with BKC without surface signals. The link is designed to reduce journey times for commuters travelling from the western suburbs to BKC and to improve access to eastern Mumbai. By carrying through traffic above s..

Raiganj MP Seeks Bengal Only Highway Link To Siliguri

Raiganj Member of Parliament Kartik Chandra Paul met Union Minister for Road Transport and Highways Nitin Gadkari in New Delhi to press for a new stretch of national highway in North Dinajpur district. He urged approval for a Bengal-to-Bengal link that would connect National Highways 12 and 27 to allow vehicles bound for Siliguri to avoid the current route through Kishanganj in neighbouring Bihar. He also submitted a proposed alignment of the new road to the ministry for consideration. At present vehicles from Raiganj travel along NH-12 and join NH-27 at Purnia More in Dalkhola, a route that p..

Airport Kilambakkam Metro Line To Be Extended To Chengalpattu

Chennai Metro Rail (CMRL) has invited tenders for two detailed project reports that would extend its rail network to Chengalpattu in the south and extend Corridor-5 to Wimco Nagar in the north as part of a second wave of expansion beyond the operator's corridors under construction. The move signals an acceleration of planning for suburban links and interchange nodes. The larger of the two studies covers a roughly 27km extension from the planned Kilambakkam metro station to Chengalpattu under Corridor-1, Phase I. CMRL floated the tender at an estimated cost of Rs 21.6 mn. The proposed line woul..